I Think Family Is Ripping Us Off
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- Опубліковано 22 жов 2024
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That’s the dumbest thing I’ve ever heard- Dad wants son to invest in equipment for the business the son has no ownership in. No! Not at all.
Did they say there were other sons, SIL, etc involved in this? Anyone else (a bank) involved?
@@richardw3470 yeah. Tell him to get the money from the bank
Yeah...... Must not be much of a business. I think if I was the son I'd pass on it.
Who would ask their child to do that? Not me.
Not just invest-take out debt
IMO, Dave is the best at cutting through all the "noise" and identifying the key problem in any situation.
“It matters more who you married than where you went to school!” Is the comment of the year!
Right. You can marry more in 15 minutes than you can make in a lifetime.
No doubt about it
My grandfather was a minister & affiliated my wedding. Leave & cleave was part of his sermon. I didn’t get it for about 10 years. He knew what I needed to hear.
That's sweet :) I think it's "officiated" though
My ex-husband had this happen to him. His parents owned 2 rental house, very small inexpensive houses. My ex worked 4 ,10hr shifts, and his father would constantly call him and say, come over and help me with mowing , repairs etc... He was tired as his job is very physical and outdoors. His father would always pull the ' it's all going to be yours one day'.
Well, his father died at 82 years old and the rentals were still in his name.
So 100 percent right.
Sure dad, I'll gladly invest. As long as there's a contract that says I am partial owner in the business due to my investments.
I would go one step further... Get a attorney to draw up paperwork. Son starts at 10 percent ownership and it increases 10 percent every year until 50 percent. Also, son needs full access to ALL BOOKS since he is part owner too!!!
@backyard1015 Great point, especially since this business sounds janky as hell that theyd ask their underpaid son for a loan with no equity, if he "invests" in this failing business without financial transparency he might be subsidizing this sinking ship with debt
The nerve of the FIL, wanting son to buy equipment for his business, and not even making son part owner at this point. The son should start his own business and leave his father to it.
Look at the numbers, man. If those won't be shown to you, just walk away.
Amen.
The husband simply needs to refrain from spending his own money on the business until he owns it.
But that's not the issue, The issue is the husband and his family's relationship. His poor wife's kind of stuck in the middle of it.
@@carena8478 It's the family she married into with a business that the guy she married was connected. What is she bringing into the mix to enrich the marriage other than writing into a radio show to complain?
@@JustinCase780she runs her own catering business. What's that got to do with her husband not having a backbone when it comes to dealing with his father? Please try and stay with me.
@@carena8478 👍
Thanks, but the dude on the Podcast literally said that already
Yep, same thing happened to my dad and our family. My grandpa owned a small business but my dad did most of the work and was only getting paid $400 a week. It definitely put a strain on my parent's marriage because my mom knew my dad was getting screwed over, but my dad didn't want to do anything about it. My grandpa eventually agreed to gift the business to my dad, but it took several years, many arguments, many meetings with lawyers, and a lot of awkward family gatherings during holidays.
Family and business dont mix, put ur foot down u r married thats the relationship that needs to be worked on not inheriting a business that is clearly not very good if owner cant get equipment themself.
You do NOT invest money is a business you do not own.
Later he changes his mind and nothing goes to the son.
Meanwhile the guy has set back his family 20 years by spinning his wheels.
I was thinking the SAME thing.
Happens a lot
Yep. Somebody comes along with a cash offer for the business and daddy up and retires.
NO WAY, don't buy anything for some one else's business, family or not!! That is nuts, the father is taking advantage of his son!
I own a small business & my son makes more than the other employees simply because he puts in more hours than they do. He works late, works weekends, etc. No employees of mine do that so my son makes a killing on overtime. You don't get anything for free- that's the lesson we taught him & he's okay with it as he smiles every week & says thank you when he gets his paycheck every week!
The dad is t-r-o-u-b-l-e. If he won't show son the books and give him some ownership, son should work somewhere else. This lady is in a very tough spot, and I suspect things will not end well.
Tell him to open his own landscaping co
Right?!
The family owned company I worked for insisted his kids go to college and work outside the business for 5 years until they can be part of the company. The company will be better off with management/owners with other business experience once they start owning part of the company. They also get to decide if they even want to be part owner. They might like some other business.
We’re in the same boat!!! my husband work for his father for many years his not making good money, finally get a raised after my husband work part time for somebody else, he doesn’t want to leave his father because his father badly need some help, but his father told him his gonna run his business someday where in he doesnt training my husband.
Dangling “the carrot”
The best thing to do is to let him learn this hard and valuable lesson when he doesn't get that business and he never gets his money back.
He is trying to buy his "Daddy's " love and that never ends well for anyone.
Asking his son to use personal funds for business equipment improvements (while dad gets to fraudulently deduct the equipment improvements from his business taxes) gives me the faintest sense that dad has zero intention of giving the son the landscaping business.
@@CatWhiskering exactly that, this will end very badly and relationships along with it.
Dave’s voice-“Someday this’ll all be yours “😂
Landscaping businesses are a dime a dozen and can only support ONE owner and his crew.
Start your own, tell dad to go ahead and retire from ‘His.’
Exactly! Since the son has so much experience (and is basically running the whole show), why not just start his own landscaping business?
Son can start his own with a van and some tools, if he's asking the son to take on DEBT for equipment, why would he "invest" that debt into equipment for his father's so-called business when he's got 90% of what he needs? 😂
Something else to consider about the husband inheriting his dad's business. Does the husband have siblings? One of my co-workers worked a like a dog FOR YEARS to help his mom and dad on their farm when they became edlerly. His father passed away and my coworker still kept the farm going till his mother passed several years later. All the while, he was still working a full time job working with me. When his mother passed, his sister and her husband showed up for THEIR HALF of the inheritance. They never lifted a finger to help keep the farm going when his parents got elderly. It was all him free of charge. I retired before it was all resolved so I don't know how it all played out.
Doesn't matter how hard he worked, it matters what the will says and whether or not the executor does what they are supposed to do.
Yeah, the number of pieces of 💩out there, who are too “busy” for their elderly parents, can’t help because they’re “too far away” etc. etc. who then show up for “their inheritance” full with righteousness is disgusting.
Your co-worker's parents clearly didn't value his hard work and dedication.
@@John-du2mq It does matter how hard he worked, maybe not in this life. But God has his reward waiting
@@KathleenMcNe Nor did his sister...
Son never gets to see the company financials, and Dad wants him to buy equipment for the company? I have a sneaking suspicion the company is underwater, and the son will inherit a bankrupt company.
Exactly if the business can't afford equipment it's likely there is little to inherit except debt
I love when Dave lays down the law!
Jade and Dave are a great combo! Loved this clip amongst many others.
" Its yours "until the Father decides he is tired but needs to sell the business to retire or pay for medical bills....Then it will be up for sale to the highest bidder.
Yep, or he could've promised the business to another sibling or to his wife, and is just dangling the business in front of the one son to get him to work harder for peanuts.
Madness. If he keeps on like this, the wife will leave.
The son may inherit the business....when he's 70. Dad isn't going to let it go
''If you live with less than you make, we'd be out of business''. 😂😂
Ramsey Fam unite!!
7:05 you absolutely can say something to the in-laws. Where did this rule about not saying anything to in-laws come from?
They may not listen to you, or they may. Neither is guaranteed, but if you don't try you'll never know.
Because they will hold a grudge against the daughter- in- law moreso than the son. The parents will wonder why it's her speaking up and not him. That'll lead them to think it's all her gripe and not his. Dave is correct. She should NOT speak up unless it involves her children or herself DIRECTLY.
At first glance, it seems logical for her to speak up, But if it's only the wife speaking up and the husband doesn't have the backbone to defend himself, The family will almost always view her as the evil gold digger wife... And they'll ignore her.. The only way to avoid this is for the husband to grow his own backbone and speak up.
It seems like this would be a good course of action, but unless the family is very, very mature, they will almost always view the wife budding in as her being an evil gold digger. The best course of action is for the husband to grow a backbone and to stand up for himself.
This is an egregious abuse of the son. The business is probably worthless.
Its this.
If the dad is asking his son to invest he is using him.
The problem is that the wife will always be the evil witch gold digger immediately to the family. So unless the family is extremely reasonable, it’s impossible to be part of that financial conversation.
She also may be in the dark about whatever perks her husband is getting: housing, vehicle? something doesn't add up.
She and her husband need to take care of their four walls, regardless.
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As a beginner, it's essential for you to have a mentor to keep you accountable..
Kerrie Farrell program is widely available online..
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience...
On the grand scheme of things, once you understand the potential of trad!ng, you can bet on it but I think people need the education to fully understand...
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this...
"You can't". True.
“He’s still married to his daddy” 😂😂
Caller-Good luck. I don't hubby is going to listen, but you can try toget him to do what Dave & Jade suggest. It's the right way to go forward.
This just helped me a lot! Thank you
That guy basically brought in another daughter into the family instead of him going somewhere with her and being independent of the parents.
Jade is thinking "Hey Dave, I want more than ".
“You don’t invest money in any business you do not own”…. Isn’t that what buying stock is?
I was in a very similar position.
Sadly my dad is now gone and my wife snd i are wealthy. Need much more information to give advice here.
I'm glad he said not the same income....Rachel lives in a huge home and had that early in life.
Yeah she had no benefits by being Dave's daughter. Coming from a guy who tells young men that they don't need a prenuptial agreement because they don't own anything while also having a clause in his business that only blood Ramseys can own. Dave could lose 99% of his assets and he would be fine. Most of us lose 99% of our assets and we'd be under a bridge.
@@andrew8168 Thats true. He always says don't loan kids money, give it, and he seems to do that so they are all comfortable. Grandkids too. Why not but even his kids complain he spoils them to the point they have to step in and say No which is odd because he was so strict when they were young. Not what most of us worry about at night....
King Charles also heard that. One day, this will all be yours.
The only thing that matters is a signed contract
'Promises' don't mean crap
This happened to me , no my guy had 6 felony charges for the wagering board , and lost is calling career !
To top it off the job he took he died at in a car accident at work .
His family still tried to control. Me afterwords.
Just quit. I’ve done it many times
I’d separate if he buys equipment not having any ownership of the business. That would be financial infidelity. Hubby should start his own business.
I think father is using his son why use someone else’s credit for your own business? he is going to make the son pay for it
I am glad my wife eventually left her toxic parents. I wish it had been five years earlier in our marriage, when we got married.
Could work put well for the son if they sign a contract. Sacrificing for a little for larger return can work out in the end.
High jump! Pole vault!!
It had a good effect
Family and business never works
3:54 I’m sooo done with Dave 😂😂😂 and 4:55 😅
Jade cracks me up she's cool
Never go into debt to invest in anything, especially a business that's not yours. The dad is out of bounds at a minimum, and may lack class. Truth hurts.
That's fuck up.
Leave and cleave!
Sounds like maybe husband should start his own business. If parents want him to take on the business one day, then suddenly he has doubled his business. Yea! If not, he still has something to fall back on when his Dad gets out of the business, especially if they decide to suddenly change the rules of inheritance on him.
What if your husband starts his own landscaping business?
Of course don't do anything to hurt dad. "Dad I won't take a single client from you, they won't even know I'm doing my own thing." Dad won't like it but then the argument is "I make the same amount of $ as "steve", so steve and I must be doing the same amount of work." Dad may realized that's not true and offer more, or he may not want to pay more and you have your answer.
But if your husband starts and grows his own business, and 5/10/ or however many years later Dad is ready to step away, now there 2 whole self sufficient customer bases ready to be consolidated
We know for sure dad is gonna leave the business to the son???
Time to draw a line in the sand. This guy isn’t ready to stand up for himself & his family is suffering
income ha ha LOOKS TRUE NEPO BRO
No one ever had it better. It wasn't harder before. You are not more virtuous. You didn't have a higher standard. People today are the same as they have always been. The fallacy of the innocent past causes one to see themselves in the best possible light ignoring the fact that they were harboring the darkest evil in the depths of their heart. You can never know what evil lurks inside someone. The greatest corruption exists at the highest level of wealth and responsibility. The most honest and trustworthy people are at the bottom of society.
I’m early early 😂
Future faking
I made it here 🎉
Jade is good............
Tue husband answered the question. Id love to she the genders reversed. "Listen to his wife" than "Listen to her complain when the family cuts him completely out of the business".
The book is such a curse
No you have to do both, wife and family
Not either or, its both
DAVE ALWAYS BLAMING THE MAN
Taking it over does not mean he will take it over tomorrow.
You don't even know what's going on.
But if you don't own the business, you don't put anything in it.
Which is exactly what Dave said...for the husband not to invest his and his wife's own money into a business that doesn't even belong to the husband (yet).
@@Sheryl777 He also said his father is ripping him off. Which he is not.
@@jimmymcgill6778 His father wants him to spend his son's and his wife's money to buy equipment for the father's business, and which at least at this time the business does not belong to his son. That is not right no matter how you try to explain it away. If one day the business does belong to his son, THEN the son and his wife can spend their money on equipment for the business at that time if they need to. We don't know if his father is ripping him off or not, but it's not wise to put your money into someone else's business to buy equipment for the business anyway, even if the son hopes to own it one day.
@@Sheryl777 I said that he should not spend any money on anything. Until he own it, or have a share of it.
@@jimmymcgill6778 Yes you and I can agree on that for sure.
He should start his own business. End of story
Hell to the mo
Don't disrespect the masters. Obey the masters. The man has multiple masters his parents her parents and money. If the grandparents have trusts then their are more masters.
Constant emailing phoning texting that is why marriages don't work anymore l.
Whole lot of assuming
Dave hears 30 seconds of background and makes character condemning accusations
I may have this wrong, But email the show or write a letter,the pre scheduled the call it's, been researched before people or put thru, This segment is a pretaped , caller is scheduled. Yes?
@@josephhuman7390 Agree. Also, the amount of experience he has of working with individuals and families, it's not difficult to figure out the disease from just hearing the symptoms.
...yes...a combination of wisdom and experience...not that difficult after a while...
@@josephhuman7390 it’s not worth your time trying to explain logic in these comments. A lot of people come here to hate watch and comment. It’s a show. They don’t live with these people. They do some research and speak to the issue presented. It’s weird how people want a deep dive in a 9min clip.
@@whosaidthat9265for real. Obviously these people write into the show looking for Dave’s advice, then commenters are appalled that Dave gave his advice lol
God she so FINE with those braids ijs…
again, we're only hearing one side, and it is a written side that can't be examined. We have no idea what the son owes his father for bailouts, drug rehab costs, court and child support payments to his ex, etc etc. Could be the husband and his wife are exceedingly bad with money and the father has put a large nest egg in a trust for them. We really don't know anything about this situation.
Lots of bots
The fake laughing 😂 gross 🤮
Fake theets 😂😂😂😂not my style
when ramsey goes to the bible you know its gonna be a bunch of bullshit
Anything an American says is.
This coming from a guy that still has his married daughter still working for him..
Money talks and b******* walks.. He's listening to dad's money 🤑 and not her bs!!!
It's not her business and it's none of her business!!!
I totally agree with Dave!
Wow. 2nd
You were third. I’m fourth 😂
The Wife needs to mind her own business or just get a divorce
She and her husband's financial life IS her business lol...crazy if you think otherwise. If her husband is going to use THEIR money to invest in equipment for his father's business, then yes it involves her too, since that is also her money that would be being invested in the equipment. Wow some people are so dim they can't even see that?
@dondgc2298 👍 (Had to edit and put that here since every time (so far at least) that I tried to make a new post it wasn't working.)
Shut up.
@@Sheryl777to answer your last question- yes, and the comments here are proof.
@@dondgc2298 👍👍
@@dondgc2298 👍
He's got to quit it with these meaningless bible quotes.
I hear you however DR is a Christian, everyone knows this so he doesn't have to quit saying his beliefs. It is after all his show and he can do whatever he chooses.
The Bible is the most important book.
@@georgewagner7787 It is neither a dictionary or an atlas so no.
@@georgewagner7787 if you want to worship your book of fairytales, that’s up to you.
Why is Jade even on this show?
Why are you here? Why do you even exist? Ask yourself those questions first. Useless.
By the way, I've seen many dull people who call themselves "Doctor." Here is a clear example.
@@Observer100-cn7gv Is this based on your 100 observations?
Nothing like a wife breaking up family dynamics. Love to see it.
I wonder how she feels about being married to a man without a backbone?
Its what women do today, they used to be a social adhesive, now they don't understand the difference between "feminist liberation" and narcissism and so they destroy. Empowering women has destroyed the West, get ready to welcome Islam.
What? She's about to save him from a huge mistake. That equipment is going to put him in debt that he will not be able to afford. On top of that, this father sounds like he'll run it into the ground and then hand it over. We'll the son just inherited a failing business and still saddled with the debt. Something isn't right about it. Why can't the father buy it himself and write it off for the business? Why would he want his son to be strapped to that debt when he doesn't even have anything to do with the business ownership wise? Think about it.
@@John-du2mq I stand by my comment. Guy is doing business with his dad. Here comes wife saying you work too hard you make too little... lmao happens all the time.
@@Trackpad12 One huge part of the equation you're forgetting about is that the father wouldn't just be taking the son's money to buy equipment, but it's also the wife's money too. Whatever money is spent is both the husband's AND the wife's. So no, it's not just the husband's money that would be involved in this mess. Since it is her money too, she has a right to have a say.
Dear Dave, it would be nice to have a little more clarification on your viewpoint on investing money or equipment in a business that if a person was 49% or 50% percent owner ?
But the son doesn’t have any %%
@@angeliawhatley7252 That was a good question, tho, for a slightly different situation.
@@angeliawhatley7252 they are NOT referring to this situation ..they are asking a general question
@angeliawhatley7252 yes, I know He doesn't have any or own any of the business. I was just referring to a A different Scenario.
This is beyond knowledge, Dave is giving us the game. ♟️👑